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20121201
20121231
Search Results 0 to 5 of about 6 (some duplicates have been removed)
. with millions of americans unemployed this simply makes no sense. stephen moore, senior writer for "the wall street journal." how are you doing, steve? good morning. >> hi, bill. bill: they're saying 43,000 jobs because of this. what, a latex glove gets taxed? i thought it was just like on mri machines and big items like that? >> actually, no. thank you for doing this segment because a lot of americans don't realize when the president calls for all the new taxes in the fiscal cliff negotiation, mr. president we already have a big tax increase that will hit on january 2nd. that of course is the obamacare taxes. you mentioned one of them, the tax on medical devices and medical equipment, bill, which i agree with, congressman price. that will reduce innovation and will reduce the kind of invention and new products we need to keep people healthier. in addition to that, bill, don't forget there is something called 3.8% investment tax surcharge in the obamacare bill that starts in january. one of the things that the president says is a little misleading i will only raise tax rates back where they
scared to death. >> reporter: sam moore surveyed the damage in his neighborhood in pennington, texas. >> this used to be a really big- - as you can see by the size of the slab, used to be a huge feed store. it wasn't a weak building at all. it was a well-built building, and it just-- you see what it did to it. it's amazing. >> reporter: emergency personnel here got some much-needed help from the indiana national guard today. troops were deployed here to help check on stranded motorists and check on shut-ins. jim? >> axelrod: troy kehoe in bloomington, indiana, for us, thank you. david bernard is the chief meteorologist at our cbs station in miami. he's following the storm system. david, as the storm tracks north, who has the most to worry about? >> well, there is a lot of real estate to cover, jim. let's start by looking at the satellite and radar combined this evening, and we have a big shield of snow this afternoon covering areas from detroit to cleveland, right through northern pennsylvania, now pushing into western portions of new york. south of there, all along the i- 95 corrido
're not in the union. stephen moore, "wall street journal." who would be next? >> there are a number of states neighbors to michigan really looking at this legislation. i'll name a few to you, bill. pennsylvania, ohio, west virgina, states like that are competing against southern states. remember a lot of jobs and a lot of manufacturing has moved from the midwest, the kind of rust belt of america to the south in part because those southern states are right-to-work. can i mention one other thing if i could, bill, about this issue that is important? bill: sure. >> there is so much misinformation what it means to be a right-to-work state. i want your viewers to know this, if you're a right-to-work state it does not ban unions, bill. simply means that workers who work for a unionized company have the right as an individual to join the union or not. it does not ban unions. bill: to be more specific, if you're not a member of a union, in michigan you're required to pay union dues. >> that is exactly right. bill: under this law you're no longer required to pay dues for something you're not gets servi
? joining me now, senior economics writer or for "the wall street journal" steve moore. steve, thanks for making it in today. >> hi, jamie. we're having a white christmas in chicago. so it is a lot of fun. jamie: i know chicago, burr. the numbers are also pretty chilling for retailers who do what percentage of their business during the holiday season? >> you know, those months of november and december are absolutely crucial, jamie, for the retailers. about 40 to all their business all year is done in those two holiday months. so it's, not very good news that the retail numbers came in, you called them lackluster. and that's probably putting it charitiably. this was the worst year since 2008. it is actually, surprising, jamie, because if you look at some other indicators, consumer confidence had actually bumped up a little bit in the last couple months. we have, i wouldn't read too much into this because other indicators of the economy are looking up right now. jamie: so do you think it's an anomaly that it isn't going up? is it an indication if we go over the fiscal cliff there's conc
would your benefits cut by moore thank a quarter. -- by more than a quarter. unless we act, this is not a self-correcting problem. now, there are other things that we need do around social security such as raising the cap on the a income that's taxed. but those who say putting off questions about social security or medicare to some other day refuse to also recognize the reality that none of this self-corrects and that the sooner we start down the path on reform, the sooner that we can make sure the promise of these programs will last. but again, instead of worrying about the potential of a 25% cut for folks who are 46 years old in social security, they talk about the fact that, yes, that there may be some slight cutback in immediate benefits. not, though, 25%, not 3%, not 1%, but .3% decrease in the amount of increase each year. and even with that, there are ways, if we use this tool, to make it more fair and balanced. because we must make sure that we protect the most vulnerable in our society. i was part of a group -- and, again, the presiding officer, i believe, was supp
Search Results 0 to 5 of about 6 (some duplicates have been removed)